Economic Impact
of Abortion
By Dennis M. Howard
© Copyright, 2011 by Dennis M. Howard. For permission to reprint
or distribute this article, write to: The Movement for a Better America, Inc.,
PO Box 472, Mt. Freedom, NJ 07970-0472
In 1968, Paul R. Ehrlich published The Population Bomb, his sensational forecast of a world doomed by a population explosion. In it he flatly predicted: “In the 1970's and '80's hundreds of millions of people will starve to death in spite of any crash program embarked upon now.”
Not one of Ehrlich's predictions came to pass. Instead, the Supreme Court declared abortion on demand to be the law of the land in 1973, and launched the slaughter of 54 million American babies --not by famine and starvation, but by deliberate execution at the hands of a greedy abortion industry.
Worldwide, an estimated 1.5 billion babies have been aborted. And the social and economic cost has been as devastating as anything Ehrlich predicted based on his paranoid fears of a population explosion that never happened.
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An Exchange with
Charles Payne, CEO
Wall Street Strategies
Charles Payne, CEO and Principal Analyst at Wall Street Strategies, makes daily appearances on the Fox Business Network and several other well-respected finance-oriented radio and television programs. He recently authored his first book Be Smart, Act Fast, Get Rich. We like his down-to-earth, common sense approach to economic matters.
In a recent issue of his Wall Street Market Commentary daily newsletter, he wrote:
It's one thing to live in a false world of riches and another to live in a world that's not up to par with the rest of the nation. I've always bristled at politicians that have been able to buy off blacks and Hispanics with trinkets not much more valuable that the beads exchanged with the Manhattan Indians for what would become the most valued real estate in the world. Promises of higher minimum wage and bogus work programs seem to do the trick every time. Of course the close comes by slaying boogiemen that actually wanted to take away stuff like food stamps and welfare.
And so it continues with the latest pitch to the Hispanic community. After saying he has another five years to live up immigration promises, President Obama trumpeted other great achievements including:
Claims to "strengthening the economy" in part to the payroll tax that provides 25 million Latinos with an extra $40 in every paycheck.
Unemployment insurance extended because "Latino community has been hit so hard"- a million will benefit.
Housing settlement will help Latino families all across the country that were "taken advantage of by subprime lenders."
None of these one-offs is pro-growth, pro-business, or pro-prosperity. Really, forty bucks is all it takes to buy Hispanic votes? Many live in states where gasoline will eat that money up in a heartbeat. Moreover, when the President brags about $40.00 then heads off to a dinner that costs $30,000 per head there is a massive disconnect. Really, all subprime borrowers were taken advantage of and wasn't that settlement for foreclosures, not the types of loans taken out? Of course they were victims of the free market and none bought a house they couldn't really afford.
His comments inspired this response from Dennis Howard:
Your comments on the President's remarks to the Latino community reminds me of the one-sided deal when Peter Minuit bought Manhattan Island from the Lenape Indians for $24 worth of beads, trinkets and tools. The Lenape didn't realize they were simply stimulating the European appetite for taking over everything from the Hudson River to the Pacific.
What today's black and Hispanics minorities fail to realize is that all those golden promises of social benefits simply hide the huge economic loss those social programs will cost them down the line, starting with the bill their children and grandchildren will pay for putting these programs on the government credit card. But that's merely the tiny tip of the iceberg.
In New York City, minority families pay for it in the downstream cost of a 60% abortion rate for blacks and a 40% rate for Hispanics. As a result, the Hispanic birth rate in the city is flat, while the black birth rate has dropped by 46% in the last 20 years. Meanwhile, the Asian population is growing at a steady clip. As a result, New York is far more likely to have an Asian mayor in the next 20 years than it is to ever have another black mayor.
Far more serious, however, is the economic cost to future generations. Economic conservatives who brush off the economic cost of social issues are deluding themselves. In fact, this should be a front burner issue in this election year.
Just add up the losses in future GDP incurred by record high prison populations, 50% divorce rates,.record high numbers of children born out of wedlock, runaway STD rates, and 55 million abortions since 1967 -- and you have a huge hidden bill being passed on to the next generation.
My own analysis puts the GDP loss for abortion alone at $45 trillion, and it keeps climbing by $2.5 trillion every year because those future workers, producers, and taxpayers we aborted ain't ever coming back. Nor will they be here to birth another generation. If you include all those other hidden costs, you could easily double that in lost economic potential for the whole nation.
If economic conservatives want to ignore that, they can; but they do so at America's peril. Meanwhile, I have a few bucks to give them if they have an island they would like to sell.
To which, Charles Payne replied;
This is great stuff (sad but well-thought) I'd like to feature it on our website for a few days.
Our response to that is:
It's nice to find an analyst on Wall Street who understands that there is more to economics than taxes, spending, interest rates, and market fluctuations. They are important, but ultimately economics boils down to what people are doing -- and that's why humanity has survived for more than 500,000 years.
Without people and families, there would no such thing as economics. All the gold in the world would still be buried under piles of dirt. If we'd like to survive for another 500,000 years, we need to remember that.
That's why we're reciprocating by posting this exchange here. Thanks, Charles! -- Dennis Howard
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Make your voice heard today!America needs to hear the messageabout how 55 million abortionsare destroying the American future.Help us elevate this to the levelof a major national issue. Just click on the button belowor mail your donation to:
Movement for a Better America
PO Box 472, Mt. Freedom, NJ 07970.
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| 54 million abortions equal population of 72 largest US cities |
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How abortion is
destroying America
55 million abortions is equivalent to the population of our 73 largest cities, from New York all the way down to cities the size of Chandler, AZ.
That's the toll abortion has already reached at the current rate of over 1,200,000 abortions a year. It’s equal to or greater than the human loss we would have experienced from an all-out nuclear war. Yet we are told to sit passively by and endure it by the pro-abortion ideologues of the left who dominate our culture, our media, our politics and our courts.
It adds up to a 30% loss in the younger generation under age 45. The toll includes some 18 million African-American babies and 37 million others. That's about 3,585 times as many African-Americans as were lynched since the Civil War. It amounts to a holocaust against blacks and against the young. It is the greatest loss ever inflicted on any generation in history.
How can anyone with a conscience stand silent in the face of it?
Abortion has major social and economic costs as well. The estimated loss in U.S. GDP already exceeds $38 trillion -- more than twice our current national debt. That's why, even if abortion ends tomorrow, it will still take more than a generation to recover.
Nothing else has ever had a more depressing effect on the U.S. and the world economy. Meanwhile, it is being compounded by a dramatic decline in births in France, Germany, Italy, England, Spain, Japan and even China. Only the Muslim world continues to grow at a rapid clip. As a result, much of Europe will become predominantly Muslim within a generation. If we want a better world for ourselves and our children, we must raise a great hue and cry right now.
No kids, no future. It's as simple as that.
Abortion is also driving the greatest health care and education crisis in history. As baby boom nurses and teachers retire, we face a looming shortage of 1 million nurses and 2 million teachers. We also face critical shortages in key professions such as science, medicine, and higher education.
Abortion and more efficient birth control together have wiped out about half of our future human resources. With a growing number of older baby boomers in need of critical care, the only way to ease this crisis is to end abortion or drastically reduce health care for the elderly. Liberal politicians would rather cut Medicare than adopt a pro-natalist policy that would restore demographic balance.
Politicians promise to remedy these shortages but end up playing their usual games. They promise aggressive new training programs for nurses and teachers, but never bother to explain where they are going to get the people to fill them. Such programs can’t restore the vast human resources that have been poured down the population control rathole over the last 45 years.
Besides, such programs have a long history of being nothing but a sham. When former President Carter was Governor of Georgia, he signed a deal promising to train 2,000 workers for a new smoke detector factory but in less than three years, the company was wiped out by cheap imports and never hired more than 800 people even at its peak. Not much later, it sold the factory. All the promised jobs disappeared.
"Training programs" like that are a dime a dozen, but they rarely work. Meanwhile, you can't bring back the millions of lives that have already been sacrificed to the idol of abortion. The next time we see them will be on the Last Day when they show up to accuse those who stood by silently while they were slaughtered. Some folks are in for a huge surprise.
Another consequence of abortion is a disastrous shift in the supply-demand equation that underlies our economy. Kids contribute to demand even before they are born, but they don’t compete in the work force for 20 years.
That’s why 55 million abortions represent a huge loss in consumer demand. If those babies had been born, our fast-paced economy would still be going strong. Those we aborted were the future consumers, producers, parents and taxpayers we needed keep to keep our economy growing.
The new 4-2-1-0 family model is a dead end. Four grandparents who have two children, who then marry and have one child represent a huge loss in future growth. That's why China is starting to relent on its 1 child per family policy. Pursued, it means the end of China within 100 years. Russia already faces the same debacle, They no longer have enough younger women to raise a new generation -- and their population is forecast to decline by 33% by 2050.
If the U.S. doesn’t change direction, we could face the same fate.
Unless we end abortion soon, the U.S. faces a long term economic decline. As early as 1994, I began predicting the collapse of the stock market that finally came in 2000. In 1996, we published a a video and a special report titled, “The Abortion Bomb.”
In 1998, I repeated the warning in an exchange with Gene Epstein, economics editor of Barron's. He predicted that the '90's rally would continue for another decade. I warned that a whole long list of stocks would soon take a tumble. It was a collapse that was inevitable based on the demographics.
The collapse began soon after the market top in March, 2000, and was followed by the one of the biggest market setbacks in history. A major factor in the 2000-2009 crisis was the inability of the Baby Bust generation to absorb the inflated real estate and other investments of the high-flying Baby Boomers as they approached retirement.
The decline in the rate of growth of personal incomes going on since the ‘70’s, combined with outsourcing and the shipment of manufacturing jobs overseas, and a 43% reduction in birth rates since 1960 all combined to bring about the crisis. Compounding things, of course, was everything going on in Washington and Wall Street to keep the bubble going. In the end, they failed.
Still another factor is the downstream loss in future tax revenues caused by high abortion rates and more efficient birth control. That loss already amounts to an estimated $20 trillion. With growth in government revenues, the ability of government to bail things out is seriously compromised. The problem with socialist solutions is that the government itself won’t be able to afford them.
The abortion boom is also behind the crisis in Social Security and Medicare. In 1940, we had 145 people in the workforce for every person on Social Security. That's when it looked like a great idea! By 1952, the ratio had dropped to 16 to 1. It is now 3 to 1. In less than 20 years, it will be only 2 to 1. That's when the government Ponzi scheme will completely collapse.
To save these programs from bankruptcy, the Congressional Budget Office has estimated that tax rates will have to rise as high as 82%. Guess who will pay the bill? Your children and grandchildren, that's who!
What can you do to help? The answer is not hiding from the controversy about abortion or from the even more polarizing political debate. This is not a Democratic or a Republican issue. It is a profoundly moral and human issue.
The solution is for we, the people, to speak up. We need more honest, open discussion in our homes, our churches, and our communities -- not continued censorship and suppression of the discussion by the politically correct media and the courts. Churches that remain silent will only have themselves to blame when the full crisis hits their congregations and their collection plates.
We urgently need to build a new pro-life majority by changing hearts and opening minds. Unless economic and social conservatives can unite on this common ground, chances for reversing the current direction in Washington are dim. That's why we've started a new Pro-Life Tea Party. We've got to awaken people to the direct connection between our moral, social, and cultural decline and the current global financial crisis in which America plays a central role.
That can only be achieved by talking more honestly and frankly about the problem in our families, our communities and in our churches, and by educating young people about what is really at stake for their futures. We need to tell them that there is no rainbow at the end of the abortion road.
Form a team with two or three others. Talk to your pastors and youth ministers. Write letters to the editor. Make calls to call-in talk shows. Send emails and write blogs. Reach out compassionately to those whose lives have been adversely affected by abortion. And by all means, spread the word about our website: www.mmovementforabetteramerica.org
Above all, give generously to support our Campaign for Life. This campaign can't run on fumes any more than your automoblie can. When our voice goes silent, who will be there to speak out as we have? We can't continue this struggle without your help.
Remember, if all of those who believe in life could help change just one other person’s mind and heart today, we could have a pro-life majority tomorrow. Your effort plus lots of prayer can make the difference.
To join your voice with ours, write to us at
Movement for a Better America,
PO Box 472, Mt. Freedom, NJ 07970-0472.
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| Huge difference in recovery rates from high/low abortion states |
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